Artificial intelligence's (AI) advent into the mainstream delivered a boost to tech stocks in 2023 as the sector has enjoyed about a 40% gain in the market this year. AI captured headlines thanks to abilities such as generating art and delivering human-like responses in chat messages, as demonstrated by ChatGPT.

AI is a massive opportunity for tech companies. The global AI industry is forecasted to become a $1.8 trillion market by 2030, up from $142.3 billion last year.

The sector's long-term growth prospects make companies at the heart of AI-powered solutions a compelling investment, especially for an individual retirement account (IRA), as AI technology evolves over time.

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Source Fool.com